Financials JFE Systems, Inc.

Equities

4832

JP3226650004

IT Services & Consulting

Market Closed - Japan Exchange 11:30:00 02/05/2024 am IST 5-day change 1st Jan Change
3,685 JPY -1.73% Intraday chart for JFE Systems, Inc. +2.65% +0.68%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 15,501 20,040 23,118 29,149 39,451 41,226
Enterprise Value (EV) 1 8,622 11,856 15,146 17,384 25,374 24,714
P/E ratio 12.7 x 8.63 x 7.27 x 9.45 x 10.6 x 9.54 x
Yield 2.53% 3.33% 4.08% 3.23% 2.99% 3.7%
Capitalization / Revenue 0.38 x 0.47 x 0.48 x 0.63 x 0.78 x 0.73 x
EV / Revenue 0.21 x 0.28 x 0.32 x 0.37 x 0.5 x 0.44 x
EV / EBITDA 1.96 x 2.31 x 2.16 x 2.44 x 3.16 x 2.83 x
EV / FCF 8.52 x 3.83 x 4.7 x 3.65 x 7.36 x 5.57 x
FCF Yield 11.7% 26.1% 21.3% 27.4% 13.6% 17.9%
Price to Book 1.16 x 1.32 x 1.29 x 1.43 x 1.71 x 1.59 x
Nbr of stocks (in thousands) 15,705 15,705 15,705 15,705 15,705 15,705
Reference price 2 987.0 1,276 1,472 1,856 2,512 2,625
Announcement Date 26/06/18 25/06/19 23/06/20 24/06/21 24/06/22 23/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 40,281 42,581 47,953 46,467 50,394 56,472
EBITDA 1 4,408 5,131 7,021 7,129 8,031 8,728
EBIT 1 2,804 3,473 4,803 4,666 5,609 6,248
Operating Margin 6.96% 8.16% 10.02% 10.04% 11.13% 11.06%
Earnings before Tax (EBT) 1 2,021 3,382 4,801 4,696 5,643 6,280
Net income 1 1,223 2,322 3,180 3,085 3,724 4,323
Net margin 3.04% 5.45% 6.63% 6.64% 7.39% 7.66%
EPS 2 77.87 147.8 202.5 196.4 237.1 275.3
Free Cash Flow 1 1,012 3,094 3,220 4,764 3,446 4,434
FCF margin 2.51% 7.27% 6.71% 10.25% 6.84% 7.85%
FCF Conversion (EBITDA) 22.97% 60.3% 45.86% 66.83% 42.91% 50.8%
FCF Conversion (Net income) 82.78% 133.24% 101.26% 154.44% 92.53% 102.57%
Dividend per Share 2 25.00 42.50 60.00 60.00 75.00 97.00
Announcement Date 26/06/18 25/06/19 23/06/20 24/06/21 24/06/22 23/06/23
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2022 Q3 2023 Q1 2023 S1 2023 Q3 2024 Q1 2024 S1 2024 Q3
Net sales 1 22,279 22,742 24,198 12,961 13,526 27,133 14,028 15,169 30,799 15,653
EBITDA - - - - - - - - - -
EBIT 1 2,039 1,944 2,457 1,707 1,223 2,779 1,798 1,785 4,046 1,998
Operating Margin 9.15% 8.55% 10.15% 13.17% 9.04% 10.24% 12.82% 11.77% 13.14% 12.76%
Earnings before Tax (EBT) 1 2,028 1,967 2,479 1,720 1,245 2,804 1,812 1,804 4,067 2,021
Net income 1 1,311 1,255 1,621 1,157 798 1,840 1,219 1,179 2,704 1,361
Net margin 5.88% 5.52% 6.7% 8.93% 5.9% 6.78% 8.69% 7.77% 8.78% 8.69%
EPS 2 83.44 79.93 103.2 73.70 50.83 117.2 77.62 75.06 172.2 86.68
Dividend per Share - - - - - 40.00 - - 64.00 -
Announcement Date 28/10/19 28/10/20 27/10/21 26/01/22 26/07/22 26/10/22 26/01/23 26/07/23 26/10/23 26/01/24
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 6,879 8,184 7,972 11,765 14,077 16,512
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 1,012 3,094 3,220 4,764 3,446 4,434
ROE (net income / shareholders' equity) 9.73% 16.1% 19.3% 16.1% 17.1% 17.7%
ROA (Net income/ Total Assets) 7.18% 8.1% 9.62% 8.33% 9.29% 9.54%
Assets 1 17,026 28,679 33,048 37,021 40,087 45,333
Book Value Per Share 2 850.0 970.0 1,144 1,298 1,470 1,648
Cash Flow per Share 2 11.70 14.10 20.00 20.90 128.0 257.0
Capex 1 341 321 176 64 186 56
Capex / Sales 0.85% 0.75% 0.37% 0.14% 0.37% 0.1%
Announcement Date 26/06/18 25/06/19 23/06/20 24/06/21 24/06/22 23/06/23
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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